Australia's Housing Prices Stay Strong Amid High Demand

The video discusses the current market conditions in Australia, highlighting the low vacancy rates and rising property prices due to increased migration. It explores the economic concerns related to inflation and the impact of these trends on the economy. The outlook for the market remains uncertain, with projections indicating further price increases. The video also examines the effects of variable mortgage rates on household budgets and anticipates the Reserve Bank of Australia's decision on interest rates, with Michelle Bullock presiding over her first policy meeting as Governor.

What is the current vacancy rate in the Australian rental market?

• Approximately 10%

• Around 5%

• More than 15%

• Less than 1%

Which city in Australia experienced the highest property price increase in September?

• Melbourne

• Brisbane

• Adelaide

• Sydney

What is a potential consequence of rising property prices on consumer behavior?

• Increase in spending

• Decrease in inflation

• Increase in savings

• Decrease in spending

What is the expected decision of the Reserve Bank of Australia regarding interest rates?

• Increase to 5%

• Decrease to 3%

• Pause at 4.1%

• Increase to 4.5%

Who is the new Governor of the Reserve Bank of Australia?

• Philip Lowe

• Michelle Bullock

• Glenn Stevens

• Ian Macfarlane